Around the turn of the year 2005/2006, the Russian freezing of natural gas exports to the Ukraine led to a European gas crisis. Using event study technique, we first investigate whether the Russian announcement of suspension of gas deliveries, this suspension itself as well as its withdrawal,...

The use of log-transformed data has become standard in macroeconomic forecasting with VAR models. However, its appropriateness in the context of out-of-sample forecasts has not yet been exposed to a thorough empirical investigation. With the aim of filling this void, a broad sample of VAR models...

The identification of environmentally stressed areas for planning soil conservation measures requires an efficient decision support tool to provide appropriate weights for various topographical, morphological, climatological and management factors responsible for soil erosion. In the present...

Groundwater being an important component of the hydrological cycle, estimation of its annual replenishment is essential to evolve a plan for optimum utilization. Groundwater balance approach, which is used extensively for the quantification of recharge and discharge components has been adopted...

The development of rainfall runoff relationship for ungauged watersheds using topography, geomorphology and other regional information remains the most active area of research in the field of hydrology. In the developing countries, some thumb rules and very old equations are in practice for...

A decision-theoretic framework is described for sequential classification when the parameter space is a finite partially ordered set. An example of an optimal strategy is then presented. This example establishes that an asymptotically optimal class of experiment selection rules is not...